Corporate-backed Pangaea Ventures achieved its first exit from its third fund as portfolio company Boulder Ionics was bought by custom industrial components company CoorsTek.
US-based electrolytes manufacturer Boulder Ionics has been acquired by industrial components producer CoorsTek for an undisclosed sum, providing corporate-backed venture capital firm Pangaea Ventures with its first exit from its third fund and the first sale to one of its corporate investors.
Boulder Ionics (BI) manufacturers electrolytes for batteries and ultracapacitors, for use in consumer electronics, hybrid cars, electric vehicles and grid-scale energy storage.
CoorsTek produces components using custom-made ceramics, plastics and metals. The acquisition is part of the company’s…
